Do & Co jumps to record high after Q3 beat
15/02/2024 08:31
** Shares in Do & Co DOCO.VI jump around 10% to an
all-time high the after Austrian airline and event catering
group reported better-than-expected Q3 sales
** Group revenue in Q3 rose 28.7% to EUR 478 mln y/y with
EBIT in the quarter up 35.7% to EUR 36.8 mln
** Jefferies says the third-quarter results are "very
strong" with group sales 8% above consensus
** The broker adds that the firm has benefited from an
increase in demand across all divisions, and sales in Airline
catering and International catering divisions were up about 30%
y/y, while Restaurants, lounges and hotels' revenue rose 14.5%
** The stock tops the Austrian index .ATX ; if gains hold
it will see its best day since November 2022
(Reporting by Amir Orusov, Anastasiia Kozlova)
((Amir.Orusov@thomsonreuters.com;
Anastasiia.Kozlova@thomsonreuters.com))